#United States #Peoples Ltd #PS Bank #Wyalusing #Q3 Earnings

Peoples Ltd. Reports Impressive Third Quarter Results

On October 23, 2025, Peoples Ltd. (OTC: PPLL), a holding company for PS Bank, shared its third-quarter earnings report, showcasing remarkable financial growth. With an emphasis on strategic management and market responsiveness, the company achieved a net income of $3,012,000 or $1.74 per share, representing a surge of 62.54% in comparison to net earnings of $1,853,000 during the same quarter of 2024.

The spike in net income this quarter was notably enhanced by income derived from life insurance policy proceeds amounting to $553,000. Excluding this one-time gain, the bank's net income still improved significantly, reaching $2,459,000 or $1.42 per share, marking a substantial 32.70% increase from the previous year’s third quarter. This steady growth illustrates the effectiveness of Peoples Ltd. in navigating through fluctuating economic conditions and maintaining a robust asset portfolio.

Year-to-Date Performance

Consistently rising figures were apparent as Peoples Ltd. disclosed a consolidated net income of $7,314,000 for the year-to-date, translating to an earnings per share of $4.23. This represents a 38.28% increase compared to $5,289,000 or $3.06 per share for the same period in 2024. When accounting for the life insurance proceeds, the net income stands at $6,761,000, resulting in $3.91 per share, reflecting a 27.83% increase.

Interest on assets rose significantly as indicated by a year-to-date return on assets which surged to 1.63% up from 1.31% the previous year, alongside a return on average equity realizing 16.79%, up from 14.14%.

Asset and Deposit Growth

Further emphasizing its growth trajectory, Peoples Ltd. reported a total asset increase of 8.15%, rising to $629,405,000 from $581,946,000 as of December 31, 2024. The bank's deposits equally flourished, up by 7.61% to $549,507,000, while loans surged by 9.05%, reaching $413,732,000 as of September 30, 2025.

Strategic Outlook

President and CEO Anthony J. Gabello expressed optimism following the robust results for Q3 2025: "Our bank produced strong results in the third quarter and has performed well year to date. Improved net interest income levels, alongside controlled expenses, have significantly offset salary increases. While we had exceptional life insurance gains, net income still showcased a notable growth of 32.70% compared to the prior year’s third quarter."

Gabello, highlighting continued expansions in the market, noted the exceptional performance of their newly opened Keyser Village Office in Scranton, exceeding initial projections and driving growth in the ongoing strategic efforts of the bank.

"We remain committed to what we do best—delivering superior banking services. Our focus continues on our shareholders, customers, and communities," stated Gabello, reaffirming the company's dedication towards sustainable growth and community engagement.

In conclusion, with accomplishments in net income growth, asset management, and a strategic focus on community outreach, Peoples Ltd. demonstrates resilience and potential in the financial landscape amidst variable market conditions. Investors and stakeholders look forward to the ongoing prosperity of this leading community bank.

Forward-Looking Statements

It is worth noting that this press release may contain forward-looking statements subject to risks and uncertainties. Actual results may vary significantly from those projected due to factors including regulatory shifts and competitive dynamics.

Peoples Ltd. continues its legacy as a strong independent community bank, having been founded in 1914, and operates in several counties, focusing on delivering robust financial services while adapting to market changes effectively.